DALLAS DPA

Dallas DPA

Down Payment Assistance

 

Arlington Homebuyers’ Assistance Program

  Arlington Homebuyers Assistance Program - Arlington HAP ProgramThe Arlington Homebuyers Assistance Program offers down payment and closing cost assistance to low income, first time homebuyers. The assistance provided by the AHAP is in the form of a forgivable loan with 0% interest. The loan is only payable if the homebuyer sells, refinances with cash-out, or leases their home within the first five years after purchase. Qualified applicants can receive up to $7,500 for down payment and closing cost assistance. Forgivable, $10,000 DPA loans are available for qualified applicants who purchase a property in a revitalization area or for households with a disabled member.
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Arlington Housing Finance Corporation MCC Program

  Arlington Housing Authority Program - Down Payment AssistanceThe Arlington Housing Finance Corporation’s Mortgage Credit Certificate Program assists the homeowners of Arlington by providing them with a federal income tax credit. With a Mortgage Credit Certificate, eligible homeowners are allowed to write off a portion of the annual interest paid on the mortgage as a special tax credit, up to $2,000. With an MCC, taxpayers can subtract the credited amount from their total federal income tax liability.
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City of Dallas Mortgage Assistance Program

  Down Payment Assistance - The City of Dallas Mortgage Assistance ProgramThe City of Dallas Mortgage Assistance Program was designed to provide first time, Dallas homeowners with principal reduction, down payment, and closing costs assistance. The program may also provide qualified Dallas homebuyers with grants for Minimum Housing Standards repairs.
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Dallas Mortgage Credit Certificate Program

  Dallas Mortgage Credit Certificate Program - Dallas DPA A Mortgage Credit Certificate provides homebuyers with a tax credit up to $2,000 each year the homebuyer occupies the home as their primary residence. A Mortgage Credit Certificate can also help the homebuyer qualify for a mortgage. For Fannie Mae, Freddie Mac and USDA-RHS, the homebuyer’s income will increase the same amount as the tax credit.
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Dallas Neighborhood Stabilization Program

  Dallas Neighborhood Stabilization Program – Dallas DPAThe Neighborhood Stabilization Program was created by Congress to help cities, counties and states resolve community issues that have resulted in our nation’s mortgage foreclosure crisis.
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City of Denison Down Payment Assistance Program

  City of Denison Down Payment Assistance Program – Dallas DPA The City of Denison’s Office of Community Development governs a grant from the U.S. Department of Housing and Urban Development (HUD) used to bring owner-occupied, insufficient housing up to housing quality standards. The program process begins with a home inspection by the City of Denison. The inspector will examine the home for code violations and prepare a work write-up for contractors. The contractors will then prepare their bids for the project and submit them to be checked for accuracy. Once the contracts are approved, the director of community development will award the contracts.
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City of Denton Housing Assistance Program

  City of Denton Homebuyer Assistance Program – Dallas DPA The City of Denton Housing Assistance Program (HAP) offers homeownership opportunities to first time, low and moderate income homebuyers. HAP provides funding in the form of a forgivable loan, but must be repaid if the homebuyer chooses to sell, home equity loan, lease or transfer the title. The program guidelines determine the maximum amount of assistance each household is to receive. Funding from the City of Denton Housing Assistance Program may also be used to lower the homebuyer’s monthly payments. Below is an overview of the program’s guidelines, for a more comprehensive document, please call the Community Development Division.
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City of Ft. Worth Homebuyer Assistance Program

  City of Fort Worth Homebuyer Assistance Program – Dallas DPAThe City of Fort Worth’s Homebuyer Assistance Program (HAP) offers mortgage assistance to first-time, Fort Worth homebuyers who are income eligible. Those who qualify for the program can receive up to $14,999 in assistance to put towards the purchase of their Fort Worth home. The homebuyer may use the entire subsidy for mortgage assistance or use $3,000 of the $14,999 for closing costs and/or down payment assistance.
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City of Frisco DPA Programs

  City of Frisco Down Payment Assistance Program - Dallas DPA The City of Frisco Down Payment Assistance Program provides assistance to individuals who have worked full-time in Frisco, Texas for at least six (6) months. If there is more than one (1) adult in the household, at least one must be working within the city limits of Frisco. The City of Frisco DPA Program offers qualified homebuyers forgivable loans up to $10,000. The funding may be applied towards the home’s down payment and closing costs. However, the homebuyer is required to pay at least 50% of the closing costs.
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City of Garland

  City of Garland DPA Programs – Down Payment Assistance The City of Garland’s Down Payment Assistance Program offers down payment assistance to low and moderate income first time home buyers. Assistance is provided to those purchasing a home within Garland city limits and is available is the form of a forgivable loan. However, the homeowner will have to repay the loan if he or she sells, home equity loan, leases or transfers title of the property within the first five years of ownership.
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City of Grand Prairie 4-Home Program

  City of Grand Prairie Neighborhood Stabilization Program - Dallas DPAThe Neighborhood Stabilization Program (NSP) was established by the Department of Housing and Urban Development (HUD) in order to provide targeted emergency assistance to state and local governments. The NSP gives state and local governments the opportunity to acquire and redevelop foreclosed properties.
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City of Grand Prairie Neighborhood Stabilization Program

  City of Grand Prairie FHPAG Program – Down Payment AssistanceGrand Prairie's Foreclosed Home Purchase Assistance Grant Program, commonly referred to as the FHPAG Program, was designed to help eligible low, moderate and middle income families purchase foreclosed homes in the city of Grand Prairie, Texas. The Grand Prairie Housing and Neighborhood Services Department administers the FHPAG Program.
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City of Irving Down Payment Assistance Program

  City of Irving Down Payment Assistance Program - New American Funding DPA The City of Irving Down Payment Assistance Program offers financial and housing counseling assistance to first time homebuyers. Irving’s DPA Program provides financial assistance to qualified borrowers in the form of a 0% interest, deferred forgivable loan. These funds give the homebuyer down payment and closing cost assistance when they choose to purchase a home located within the city limits of Irving, TX.
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City of Lewisville Down Payment Assistance Program

  City of Lewisville Down Payment Assistance Program - New American Funding DPAPurchasing a home is perhaps one of the greatest investments made by individuals and families. However, many individuals need assistance getting into their first home. The City of Lewisville understood the challenges individuals were having and created the First Time Homebuyer Assistance Program (FHAP). The City of Lewisville FHAP supports low to moderate-income first time homebuyers by providing them with down payment, closing cost and principal reduction assistance. The annual entitlement grant called the Community Development Block Grant from the U.S. Department of Housing and Urban Development (HUD) provides funding for Lewisville’s FHAP.
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City of McKinney Homebuyer Assistance Program

  City of McKinney Down Payment Assistance Program - Dallas DPAThe City of McKinney Homebuyer Assistance Program is funded by the HOME Investment Partnerships Program.This allows the City of McKinney to provide down payment and closing cost assistance to low-to-moderate-income first-time homebuyers. Qualified homebuyers must be purchasing a home located in McKinney, TX. The assistance awarded by the City of McKinney Homebuyer Assistance Program can total up to $10,000 as a 0% interest 5-year forgivable loan. As previously mentioned, the awarded loan is used for the borrower’s down payment and non-recurring closing costs associated with the purchase of the new home. The loan is only repayable if you refinance, pay off the first mortgage, sell or otherwise convey title to the property within the 5-year period.
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City of Plano First Time Homebuyer Program

  City of Plano First Time Homebuyer Program – Dallas DPA What are the eligibility requirements? Individuals must be making 80% or less of the area’s median income to qualify for the City of Plano’s First Time Homebuyer Program. All applicants receiving financial benefits must be a US citizen or a Temporary/Permanent Resident Alien as defined by Federal regulations. In order to qualify for the City of Plano First Time Homebuyers Program, applicants must be purchasing a home located within the city limits of Plano, TX.
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Dallas Upfront Cost Assistance Program (UPCAP)

  Dallas Upfront Cost Assistance Program – Down Payment AssistanceThe Dallas County Upfront Cost Assistance Program, commonly known as UPCAP, offers first time homebuyers direct assistance loans worth up to $7,500 to help with their down payment, closing costs, and pre-paid costs.
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Denton County MCC

  Denton County Mortgage Credit Certificate Program – Dallas DPAThe Mortgage Credit Certificate Program, or MCC Program, is a federal income tax credit program. An MCC allows the homeowner to receive a federal income tax credit equivalent to 35% of their annual mortgage interest paid. The Mortgage Credit Certificate reduces first time homebuyers’ federal income taxes, thus increasing their net earnings, making it easier to qualify for their first home mortgage. The MCC is registered with the IRS, and continues to decrease the homeowner’s federal income taxes each year for as long as they owe amounts on their home mortgage. To benefit from the annual credit awarded each year, homeowners must have a tax liability.
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Tarrant County Community Development Program

  Tarrant County Community Development Programs – Dallas DPAThe Community Development Division of the County Administrator’s office manages numerous development and housing programs, including the following which are funded under federal grants: HOME Investment Partnership, Emergency Shelter, Community Development Block Grant and Supportive Housing grants. In order to meet Tarrant County’s housing and community development needs, the Division has been able to create a variety of innovative programs with the support of federal funding agencies. For over twenty years, the Division has had a major impact on the infrastructure of Tarrant County’s low-income neighborhoods by conducting far-reaching public works programs. Additionally, parks, senior centers and handicapped facilities have been substantially improved across the area. The cities of Tarrant County cooperate through the Mayors' Council of which the Community Development Division acts as the administrative arm.
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Tarrant County Housing Finance Corporation

  Tarrant County Housing Finance Corporation (HFC) Bond Program - Dallas DPAThe Tarrant County Housing Finance Corporation’s (HFC) Bond Program provides eligible homebuyers with down payment and closing cost assistance through a fixed-rate loan. The grant helps homebuyers purchase their home and does not have to be paid back. Tarrant County HFC Bond Program assistance loans are awarded through a participating lender and are only available on a first-come, first-serve basis to qualified applicants.
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Tarrant County Finance Corporation Programs

  Tarrant County HFC Mortgage Credit Certificate Program - Dallas DPA
  • The Tarrant County Housing Finance Corporation (HFC) Mortgage Credit Certificate Program (MCC) gives homebuyers the opportunity to earn up to $2,000 per year they occupy their home and pay their mortgage. Eligible homebuyers may receive a mortgage credit certificate equivalent to the amount of annual interest paid on their home multiplied by 35%. For example, a homebuyer with a $120,000 loan at a 6.00% interest rate, would pay approximately $7,200 in annual interest. An MCC tax credit of 35% of the interest paid would equal $2,520. (35% x $7,200 = $2,520). However, the maximum annual credit allowable is $2,000.
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    National Lender

    Looking for DPA Programs in Your Area? New American Funding is an Approved Lender for Down Payment Assistance Programs in most states.

    To lean more, call (512) 524-8077, email Team@CandyBuzan.com, or use the contact form.

     

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